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Daily Market Update 05 Apr 2021

EURUSD

HIGH

1.17716

LOW

1.17464

BID

1.17504

ASK

1.17509

CHANGE

0%

TIME

09:30:48

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: Market sentiment remains bearish, however pullback formation is possible. Price tag at 1.1766 (R1) provides next resistive measure. Clearance here would suggest further appreciation towards to our initial targets at 1.1786 (R2) and 1.1806 (R3). Downwards scenario: Market could test an important support level at 1.1741 (S1) on the downside. Loss here would suggest next target at 1.1722 (S2) and 1.1703 (S3) in potential.

Resistance Levels: 1.1766, 1.1786, 1.1806

Support Levels: 1.1741, 1.1722, 1.1703

 

GBPUSD

HIGH

1.38425

LOW

1.38128

BID

1.38244

ASK

1.38253

CHANGE

0%

TIME

09:30:48

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Short term tendency is clearly on the negative side now. However, possible price appreciation above the resistance at 1.3852 (R1) would open a route towards to next targets at 1.3895 (R2) and 1.3938 (R3). Downwards scenario: Risk of further price depreciation is seen below the support level at 1.3808 (S1). Loss here is required to enable our supportive barrier at 1.3766 (S2) on route towards to final target for today at 1.3723 (S3).

Resistance Levels: 1.3852, 1.3895, 1.3938

Support Levels: 1.3808, 1.3766, 1.3723

 

USDJPY

HIGH

110.748

LOW

110.521

BID

110.663

ASK

110.669

CHANGE

0%

TIME

09:30:48

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bullish

IMPLIED VOLATILITY

Medium

Upwards scenario: Upside progress above the resistive measure at 110.77 (R1) is required to stimulate bullish market participants to open long positions. Initial targets locates at 110.96 (R2) and 111.16 (R3), however we are not expecting significant moves today. Downwards scenario: To resume downwards extension price is required to clear an important support level at 110.58 (S1). Only loss here is liable to open way towards to next intraday targets at 110.38 (S2) and 110.18 (S3).

Resistance Levels: 110.77, 110.96, 111.16

Support Levels: 110.58, 110.38, 110.18

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